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When Larry Culp stepped into the CEO role at General Electric in 2018, he was the first outsider to lead the iconic company. Founded by Thomas Edison in 1892, GE had morphed over more than a century into a sprawling conglomerate that was struggling under $135 billion in debt.<br/><br/>One of Culp’s predecessors had made a costly acquisition bet, investors had fled, and the company’s market cap had shrunk to $70 billion, down more than half a trillion dollars from August 2000, when it was the most valuable company in the world. Culp turned GE’s board down twice before accepting the CEO job, but ultimately extracted a multimillion-share incentive package linked to GE’s share price. At the time, CNBC’s Jim Cramer said it was “the best performance-oriented contract I’ve ever seen.”<br/><br/>Spoiler alert: It paid off.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/sarahwhitmire/2024/03/31/general-electric-ceo-larry-culp-to-join-small-club-of-billionaire-executives/?sh=7902b57d449b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

CEO Larry Culp's Overhaul Of GE Will Make Him A Billionaire

⏲ 5:18 👁 9.3M

Build Your Moxie

The FASTEST Way To Pay Off Debt in 2024!

⏲ 8 minutes 44 seconds 👁 100.9K

Jazz Wealth Managers

Can You Use A Roth IRA To Pay Off Credit Card Debt?

⏲ 14 minutes 12 seconds 👁 1K

Banks are being put on notice about their treatment of customers, struggling with their debts. Calls to the financial complaints authority from customers in distress, have risen by 25 per cent in just twelve months.

Complaints about how banks handle financial distress rise

⏲ 1:53 👁 9.6M

Bank of America

How to Pay Down Debt: Strategies for Debt Payoff

⏲ 4 minutes 8 seconds 👁 126.2K

The Credit Repair Shop

DEBT COLLECTOR FACTS THEY DON'T WANT YOU TO KNOW ABOUT

⏲ 59 seconds 👁 66.1K

Victoria Atkins has said she is “really pleased” that consultants have accepted a pay offer, ending a year-long dispute with the Government. The health secretary said that the deal is “fair and reasonable”. Consultants have taken strike action over the past year, adding to the NHS waiting list which has also been affected by the junior doctors’ dispute, which remains unresolved. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Health Secretary ‘pleased’ as consultants accept pay offer

⏲ 1:32 👁 3.7M

The Ramsey Show Highlights

Afraid To Use Savings To Pay Debt!

⏲ 7 minutes 6 seconds 👁 389.2K

The Ramsey Show Highlights

I Have A $27,000 Credit Card Debt Mess!

⏲ 9 minutes 13 seconds 👁 209.8K

Grey's Anatomy 20x05 \

Grey's Anatomy S20E05 Never Felt So Alone

⏲ 0:30 👁 19.6M

The Ramsey Show Highlights

Dave, Should I Listen To My Financial Advisor or You?

⏲ 8 minutes 55 seconds 👁 39.6K

The Ramsey Show Highlights

These Callers Share Their Worst Mistakes With Money | Ep. 4 | The Best of The Ramsey Show

⏲ 43 minutes 24 seconds 👁 573.6K

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